FMET Fidelity Metaverse ETF
What is FMET?
FMET tracks a market cap-weighted index of equities that provides global exposure to the future state of the internet: the metaverse.
FMET Factset Analytics Insight
FMET holds stocks and depositary receipts of globally listed companies that develop, manufacture, distribute, or sell products related to the metaverse. Eligible companies must derive at least 50% of their revenue from (i) computing hardware, (ii) digital infrastructure, (iii) design & engineering software, (iv) gaming technology & software, (v) web development & content services, and (vi) smart phone & wearable technology. The index uses quality screens based on trailing or next 12-month revenues, operating cash flow, sales growth, and analyst coverage to filter out companies that pose significant risks. Then securities are ranked for thematic relevance, which is a composite of total significant revenue, percent of significant revenue, and a natural language processing (NLP) score. Approximately 50 stocks are selected and the portfolio is weighted according to market capitalization, subject to liquidity constraints and a 4.5% single weight capping. The index is rebalanced quarterly.
FMET Summary Data
FMET Portfolio Data
FMET Index Data
FMET Portfolio Management
FMET Tax Exposures
FMET Fund Structure
FMET Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FMET. FMET is rated a N/A out of 5.
FMET Tradability
FMET Sector/Industry Breakdown
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FMET Top 10 Holdings[View All]
FMET Countries
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FMET Regions
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FMET Economic Development
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FMET Performance Statistics
FMET Benchmark Comparison Summary
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FMET Benchmark Comparison Market Cap Size
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